IDA A-OK, some officials say [updated]

More today on the state’s review of the Colonie Industrial Development Authority.

Current and former town officials say the state knew its financial disclosures would be late and that the departing administration left detailed instructions on how to file the paperwork for incoming officials.

Update: According to this Jan. 18 report on the Authority Budget Office’s Web site, Colonie’s IDA was just one of 95 public authorities that had not submitted a budget for 2008 and just one of 58 that hadn’t submitted one for ’08 and ’07.

Others local delinquents, according to the report (starting at page 6), include the Municipal Assistance Corporation of Troy, Corinth Industrial Development Agency, Guilderland Industrial Development Agency, Mechanicville-Stillwater Industrial Development Agency, North Greenbush Industrial Development Agency, Rensselaer City Industrial Development Agency, Rotterdam Industrial Development Agency, Troy Industrial Development Agency, Albany Community Development Agency, Albany Water Board, Albany Municipal Water Finance Authority, Saratoga Springs City Center Authority, Schenectady Urban Renewal Agency, Troy Parking Authority…

Look at Rensselaer county’s. $105,000 for salaries!!!! I can’t get Posinella to call me back. THey have a 1 million budget. This is the real scandal the director making more than the county exec. and they do nothave 2006 or 2007 actual budget. INVESTIGATE